RATE Group | Bitcoin Technical Analysis – Sellers are capping gains from the EU afternoon session
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Bitcoin Technical Analysis – Sellers are capping gains from the EU afternoon session

21 Aug Bitcoin Technical Analysis – Sellers are capping gains from the EU afternoon session

Posted at 02:42h in Bitcoin News by

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  • Volume on the sell-side increase at BTC/USD price drops
  • 10,775.00 was too much for bulls today
  • Intraday support broken to initiate down move

Intraday BTC chart

BTC/USD has taken a sharp fall to the downside after 10,700.00 breaks following a fair amount of selling volume. 

There was also a break of the RSI trendline to the downside. 10,555.70 is the low of the session and look out for support there.

Now price has stopped at the mean value for the day around 10,650.00.

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